This form of insurance concerned with paying for the consequences of a material damage loss. When the property is used for business purposes, the trader due to damage looses his productive capacity or future earning power which is of paramount importance to him. The normal business activities may even cease or be curtailed drastically and the gross profit reduced or eliminated. The Consequential Loss Insurance therefore enables the Insured to recover gross profit due to the reduction in turnover and reasonable additional expenditure incurred in minimizing the loss.
Request a quoteOnce received, we'll get back to you Consequential Loss
Our services include
- Placement of the insurance Programme – We source for the most competitive terms in the market. We ensure that insurers provide the most extensive coverage available, to ensure no gaps in the cover. Policy documents are scrutinized to ensure compliance.
- Handling all claims - We advise on the documentation and information required and procedures.
- We value all our clients and therefore maintain close contact with them. Regular visits are a feature of our working relationship and these are made in consultation with the clients.
- On Group Life covers, we negotiate very competitive rates and realistic free cover limits to avoid subjecting staff members to unnecessary medical testing.
- Medical Insurance is a specialized unit that handles medical covers, whether the benefits are insured or self-funded. We also arrange schemes that may be partly self-funded and partly insured to optimize the clients’ expenditure in this area. The department is fully computerized ensuring speedy turn around on claims.